ANX 4.55% 2.3¢ anax metals limited

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  1. 6,701 Posts.
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    Yeah agree was very strong finishing the week above 4.2 level, I think with all the news around BHP/Anglo takeover bid has definitely helped the copper sector, there is only a hand full of new copper future producers around in Australia, plenty of copper projects but very few at the DFS level ready to produce within 18 months.
    I'm thinking the debt funding will be around June imo
    ANX is in a very strong position but yes the 5 cents resistance point need positive news to break through that wall then we can expect 7 cents on the cards or higher , it seems to have found consolidation from 4.2 to 4.4 cents , lets wait and see how it pans out over the coming weeks.

 
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